Tag: plans

RBL Bank-backed microlender Utkarsh SFB plans ₹500 crore IPO

Loknath Das

MUMBAI : RBL Bank-backed Utkarsh Small Finance Bank (USFB), which mainly gives microfinance loans in Bihar and Uttar Pradesh, has begun work on its initial public offering (IPO), three people aware of the matter said. “The bank is presently in the process of appointing investment banks for its proposed IPO, which is expected to be around ₹500 crore in size,” said one of the three people, all of whom spoke under condition of anonymity. Established in 2009, USFB is wholly owned by Utkarsh Coreinvest Ltd (erstwhile Utkarsh Micro Finance Ltd) and counts CDC Group Plc, the development…

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Andrew Yang’s Education Ideas And Plans Aren’t Bad, They’re Much Worse Than That

Loknath Das

Andrew Yang is running for President where his policy ideas such as universal basic income are earning him a growing cadre of followers. And unlike many other candidates, Yang’s proposals are rich and detailed, which is great. Yang’s rich and detailed plans for higher education, though, are not great. They are all at once incorrect, dishonest, dangerous and likely the most hostile to higher education proposed by any candidate in a generation. In many ways, what Yang proposes for higher education would be worse than what President Trump has already done As examples, Yang supports cutting funding…

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Want free Netflix or Amazon Prime? Go for these mobile recharge plans

Loknath Das

Good amount of data, unlimited calling benefits and few SMSs a day, all these together make a perfect a recharge plan? Or do they? What if your recharge pack could get you access to Sacred Games or Jack Ryan web series, won’t that be an ideal recharge plan? Of course, nobody would say no to something extra and that too something like Netflix or Amazon Prime. Amazon Prime and Netflix are two leading video streaming services in India. Both the services offers a free trial for a month but then…

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Verizon gives discounts to emergency first responders with unlimited plans

Loknath Das

Verizon introduces new discounts for those heroes of our local communities. State and city police, Emergency Medical Service (EMS) workers, and Fire department as well will all be eligible for Verizon discounts on their personal service accounts. Volunteers, current employees, and retirees will all be eligible. Those who qualify will get $15 off a single line of service per month, $35 for two lines, and $40 for three or more lines will be discounted per month. If you’d like to request the discount, you can log into your My Verizon…

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Indian Angel Network plans investment in around 150 startups

Loknath Das

NEW DELHI: Venture capital consortium Indian Angel Network (IAN) is looking to invest in about 150 start-up firms in coming 4-5 years, a co-founder of the investment group said. “We have made six commitments as of now. In next 4-5 years, we have plans to invest in 100-150 firms,” said IAN co- founder Saurabh Srivastava. He said there is no shortage of funds at IAN and investors are looking at right opportunities. “We have funded in range of half a million to a million. Some has been to the tune of 3…

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NBFC Indian School Finance plans to raise $30-35 million from PE investors

Loknath Das

 Indian School Finance Co. Pvt. Ltd (ISFC), which lends to companies in the education sector, is looking to raise around $30-35 million (approximately Rs200-230 crore) from private equity investors, said two people aware of the development. ISFC, a non-banking financial services company (NBFC), founded in 2008, lends to schools and education institutions. It lends to private schools, affordable schools, vocational institutes and coaching classes to help them build their infrastructure such as setting up of computer and science labs, construction of additional floors or wings in existing premises or for…

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Elon Musk Plans to Make City-to-City Rocket Travel A Reality

Loknath Das

Earlier this week, SpaceX CEO Elon Musk teased “unexpected applications” for the company’s interplanetary transportation technology, set to be detailed during his presentation at the International Astronautical Congress. We now know what he was referring to — ultra-fast long-distance travel right here on Earth. Fly to most places on Earth in under 30 mins and anywhere in under 60. Cost per seat should be… https://t.co/dGYDdGttYd   SpaceX’s BFR will be capable of taking astronauts to the Moon and Mars, but it’s also set to dramatically reduce the time it takes to travel…

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Move over Disney, Mexico plans $840 million Mayan theme park

Loknath Das

Mexican President Enrique Pena Nieto announced plans Monday for an $840 million Mayan theme park on the Caribbean coast to rival the major theme parks in the United States. The park, dubbed Amikoo – or ‘friend’ in the Mayan language – will have rides and characters based on Mayan mythology and be built in two phases in the so-called Riviera Maya, a stretch of pristine beaches on Mexico’s southeastern coast. “We’re going to compete with other (parks) up there (in the United States), and I’m sure ours will be better,”…

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4 Reasons Freelancers and the Self Employed Should Consider Individual 401k Plans

Loknath Das

“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option. Solo 401(k) plans are qualified retirement plans for self-employed professionals and business owners with no employees other than a spouse. These plans have gained popularity because of investor-friendly features and higher contribution limits than traditional retirement accounts. The biggest limitation on a Solo 401(k) plan is its eligibility criteria. You must have some…

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London Stansted reveals plans for £130m arrivals building

Loknath Das

London Stansted Airport has today unveiled plans for a new £130 million arrivals building to significantly improve the passenger experience. The building is the latest phase in the multi-million pound transformation programme by MAG to support future growth at the airport and attract new passengers and airlines. Stansted is currently the busiest single terminal airport in the UK with up to 5,000 departing passengers alone passing through its doors every hour at peak times. With passenger numbers expected to increase over the next decade, particularly with runway capacity constraints at…

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